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S.TO ·

Sherritt Announces Quarterly Dividend

Corporate Actions

TORONTO, February 16, 2011 today that its Board of Directors has approved quarter of 2011, of $0.038 per common share, payable April 14, 2011 to shareholders of record a s of the close o f business on March 31, 2011.

dividend" as defined in the Income Tax Act (Canada).

About Sherritt

Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S” For further information, please contact: Investor Relations Telephone: 416-935-2451 Toll-Free: 1-800-704-6698 Email: [email protected] www.sherritt.com NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Announces Quarterly Dividend 1 –Sherritt International Corporation (“Sherritt”) (TSX:S) announced today that its Board of Directors has approved a quarterly dividend, with respect to the first quarter of 2011, of $0.038 per common share, payable April 14, 2011 to shareholders of f business on March 31, 2011. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).

Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”

  • 30 - please contact: NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation (“Sherritt”) (TSX:S) announced a quarterly dividend, with respect to the first quarter of 2011, of $0.038 per common share, payable April 14, 2011 to shareholders of This regular dividend is an "eligible Sherritt is a diversified natural resource company that produces nickel, cobalt, thermal coal, oil, gas and electricity. It also licenses its proprietary technologies to other metals companies. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”